(An investigation found) Chief Financial Officer Gene Morphis … improperly communicated Company information through social media. The investigation was launched after the Company discovered this activity on May 11, 2012.

Francesca’s, which had its initial public offering last year, operates about 300 locations and sells clothing and accessories in a boutique-like setting. In March, the company announced plans to add 76 stores this year.

The company today reported preliminary results for the fiscal first-quarter that exceeded its forecast, citing better- than-expected same-store sales.

A search for a new chief financial officer is under way. Cynthia Thomassee, Francesca’s controller since 2007 and vice president of accounting since 2010, will serve as interim chief financial officer.

Francesca’s Collections is a national accessories and clothing retailer with Houston locations in Highland Village, Uptown Park and Woodway Village, among others.